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Statistical Arbitrage Quantitative Researcher Jobs

DRW

Quantitative Researcher

New York, NY · On-site

$200K - $300K/yr

DRW is looking for Quantitative Researchers to join our expanding Mid-Frequency Systematic Trading ... Qualifications * 2+ years of prior work experience in statistical arbitrage or systematic trading ...

Trading Interview

Quantitative Researcher

Manhattan, NY · On-site

$200K - $300K/yr

DRW is looking for Quantitative Researchers to join our expanding Mid-Frequency Systematic Trading ... Qualifications * 2+ years of prior work experience in statistical arbitrage or systematic trading ...

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How much do statistical arbitrage quantitative researcher jobs pay per year?

As of Sep 14, 2026, the average yearly pay for statistical arbitrage quantitative researcher in the United States is $119,165.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,500.00 and $152,500.00 per year, depending on experience, location, and employer.

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Infographic showing various Statistical Arbitrage Quantitative Researcher job openings in the United States as of August 2026, with employment types broken down into 1% Internship, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 79% Physical, 3% Hybrid, and 18% Remote job distribution, with an average salary of $119,165 per year, or $57.3 per hour.

Quantitative Researcher, Quantitative Strategies

New York, NY • On-site

Millennium Management LLC
See more jobs at Millennium Management LLCexternal

$150K - $200K/yr

Full-time

Re-posted 21 days ago

Millennium Management rating

7.0

Company rating: 7.0 out of 10

Based on 12 frontline employees who took The Breakroom Quiz

Job description

Quantitative Researcher, Quantitative Strategies
Please direct all resume submissions to QuantTalentUS@mlp.com and reference REQ-29446 in the subject.
Job Description
We are seeking a Quantitative Researcher to join a small, collaborative team focused on systematic equity strategies. This role offers the opportunity to contribute across the full research lifecycle, including idea generation, data sourcing, signal development, model implementation, backtesting, and live strategy refinement, with forecasting horizons spanning intraday to several weeks.
Location
New York
Principal Responsibilities
  • Partner closely with the SPM and team on alpha research for systematic equity strategies
  • Generate and test new ideas using financial intuition, statistical learning, and large, diverse datasets
  • Integrate Agentic AI workflows where they can improve productivity, model development, or operational robustness
  • Source, clean, and analyze alternative, fundamental, and market microstructure data
  • Build predictive models and contribute to signal combination, portfolio implementation, and ongoing model refinement
  • Work in a transparent, collaborative environment with exposure to the broader investment process

Preferred Technical Skills
  • Bachelor's, Master's, or PhD in a quantitative field such as Mathematics, Statistics, Computer Science, Physics, or a related STEM discipline
  • Strong Python skills; experience building research tools or production-quality research infrastructure is highly desirable
  • Experience developing systematic equity or statistical arbitrage alphas, including intraday rebalancing of multi-day horizon signals
  • Experience working with alternative, fundamental, and exchange / market microstructure data
  • Practical experience applying LLMs or modern ML techniques to research workflows, signal generation, or dataset creation is highly desirable

Preferred Experience
  • Minimum 3 years of experience in quantitative research focused on systematic equities
  • Strong preference for candidates from quantitative trading teams, though we are open to strong quantitative candidates from discretionary environments

Highly Valued Relevant Experience
  • Experience combining heterogeneous signals across multiple data types and horizons
  • Experience building custom or proprietary datasets
  • Experience with sector-specific equity research
  • Experience contributing to live trading strategy development in a small-team environment

Target Start Date
  • ASAP, though we will wait up to 12 months for an exceptional candidate

Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $150,000 to $200,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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